Private Banking
Kleinwort Benson provides specialist offshore private banking facilities from its operations in Guernsey and the Isle of Man. We cater for private individuals, trusts, charities, corporations, small to medium sized institutions and professional intermediaries from around the world.
We offer a conservative, low risk, traditional approach to banking and are committed to high quality personal service. This is characterised by integrity, continuity and uncompromising professionalism together with a flexible and innovative range of banking products.
Our seamless suite of accounts facilitate cross border banking with competitive interest rates and a full range of foreign exchange and share dealing services. Our accounts are multi‑currency, have realistic entry levels, offer tailored reporting and access to monies via our VISA Gold Debit Cards and a choice of payment services. We offer dedicated relationship management and one‑to‑one contact through experienced banking professionals. This is why we have deliberately chosen not to use call centres, voice mail or call waiting services. We also offer a range of complementary lending and fiduciary options.
We have professional teams in both Guernsey and the Isle of Man that offer Client Relationship Management and operational services. We are committed to high quality personal client service and offer a traditional approach to banking, eliminating the frustrations and delays that can be experienced and ensuring a rapid, personal and trusted response. A ‘view only’ internet banking service is also available to provide further support.
- Advantage Accounts
- Guernsey Accounts and Rates
- Isle of Man Accounts and Rates
- Fixed-Term Deposits
- Fees, Terms & Reports
Advantage Accounts
Advantage Plus is a multi-functional, instant access account. It is designed to facilitate your transactional activities including: standing orders, VISA Gold Debit Card, foreign exchange and share dealing transactions, third-party payments and receipt of inward monies. Advantage Plus is ideally suited to the needs of people who expect to be able to access their money from anywhere in the world; they may be internationally mobile, have assets in different jurisdictions or require multi-currency arrangements.
Features
- Easy access to your money from wherever you are
- Multi-currency accounts available in £, € and US$
- VISA Gold Debit Card
- No call centres
- A dedicated team to handle your enquiries
- Competitive interest rates and charges
- Real-time, 24/7, internet-based account viewing service
- Depositors Compensation Schemes, where applicable
Guernsey Accounts and Rates
Notice accounts are perfect if you are looking for a good rate of interest but do not want to tie your money up for too long.
Features
- Choice of 40, 92 or 189 day notice accounts
- Multi-currency accounts available in £, € and US$
- No call centres
- A dedicated team to handle your enquiries
- Accessible entry levels from £100,000, €100,000 or US$200,000
- Funds can be added at any time without penalty
- Competitive interest rates
- Separate capital and income accounts
- Real-time, 24/7, internet-based account viewing service
- Depositors Compensation Schemes, where applicable
Interest Rates
Our fixed-term deposit interest rates change on a daily basis. Please contact us directly for an up-to-date quotation.
Please contact your relationship manager for further information on our account range and services.
Guernsey +44 (0) 1481 726014
Below, you will find our latest Schedule of Interest Rates:
| Account Balance | GBP | EUR | USD |
|---|---|---|---|
| £/€500k+, US$800k+ | 2.00 | 2.15 | 1.40 |
| £/€100k-499,999, US$200k-799,999 | 1.75 | 1.90 | 1.15 |
| Minimum Account Balance | £100,000 | €100,000 | $200,000 |
| Account Balance | GBP | EUR | USD |
|---|---|---|---|
| £/€500k+, US$800k+ | 1.50 | 1.30 | 1.00 |
| £/€100k-499,999, US$200k-799,999 | 1.25 | 1.05 | 0.65 |
| Minimum Account Balance | £100,000 | €100,000 | $200,000 |
| Account Balance | GBP | EUR | USD |
|---|---|---|---|
| £/€500k+, US$800k+ | 1.30 | 1.00 | 0.70 |
| £/€100k-499,999, US$200k-799,999 | 1.05 | 0.75 | 0.45 |
| Minimum Account Balance | £100,000 | €100,000 | $200,000 |
Interest is paid gross without the deduction of tax, however, tax may be retained in certain circumstances in accordance with the European Savings Tax Directive. Rates are subject to change without notice.
Definitions
Annual Equivalent Rate ("AER") is an estimated simple interest rate that assumes that interest is added yearly in arrears but allows for the interest to be calculated at other intervals such as monthly. For this reason, please note that any AER rate quoted is not an exact figure.
Isle of Man Accounts and Rates
Notice accounts are perfect if you are looking for a good rate of interest but do not want to tie your money up for too long.
Features
- Choice of 32, 92 or 189 day notice accounts
- Multi-currency accounts available in £, € and US$
- No call centres
- A dedicated team to handle your enquiries
- Accessible entry levels from £10,000, €10,000 or US$10,000
- Funds can be added at any time without penalty
- Competitive interest rates
- Separate capital and income accounts
- Real-time, 24/7, internet-based account viewing service
- Depositors Compensation Schemes, where applicable
Interest Rates
Our fixed-term deposit interest rates change on a daily basis. Please contact us directly for an up-to-date quotation.
Please contact your relationship manager for further information on our account range and services.
Isle of Man +44 (0) 1624 643270
Below, you will find our latest Schedule of Interest Rates:
| GBP | EUR | USD | ||||
|---|---|---|---|---|---|---|
| Account Balance | Gross % | AER % | Gross % | AER % | Gross % | AER % |
| £/$/€1,000,000 + | 1.65 | 1.65 | 1.10 | 1.10 | 1.10 | 1.10 |
| £/$/€500,000 to 999,999 | 1.50 | 1.50 | 0.75 | 0.75 | 0.75 | 0.75 |
| £/$/€100,000 to 499,999 | 1.30 | 1.30 | 0.60 | 0.60 | 0.60 | 0.60 |
| £/$/€50,000 to 99,999 | 1.10 | 1.10 | 0.50 | 0.50 | 0.50 | 0.50 |
| £/$/€10,000 to 49,999 | 0.75 | 0.75 | 0.30 | 0.30 | 0.30 | 0.30 |
| Minimum Account Balance | £10,000 | €10,000 | $10,000 | |||
| GBP | EUR | USD | ||||
|---|---|---|---|---|---|---|
| Account Balance | Gross % | AER % | Gross % | AER % | Gross % | AER % |
| £/$/€1,000,000 + | 1.30 | 1.30 | 1.00 | 1.00 | 1.00 | 1.00 |
| £/$/€500,000 to 999,999 | 1.30 | 1.30 | 0.60 | 0.60 | 0.60 | 0.60 |
| £/$/€100,000 to 499,999 | 1.20 | 1.20 | 0.50 | 0.50 | 0.50 | 0.50 |
| £/$/€50,000 to 99,999 | 1.00 | 1.00 | 0.30 | 0.30 | 0.30 | 0.30 |
| £/$/€10,000 to 49,999 | 0.50 | 0.50 | 0.25 | 0.25 | 0.25 | 0.25 |
| Minimum Account Balance | £10,000 | €10,000 | $10,000 | |||
| GBP | EUR | USD | ||||
|---|---|---|---|---|---|---|
| Account Balance | Gross % | AER % | Gross % | AER % | Gross % | AER % |
| £/$/€1,000,000 + | 0.85 | 0.85 | 0.35 | 0.35 | 0.50 | 0.50 |
| £/$/€500,000 to 999,999 | 0.80 |
0.80 |
0.30 | 0.30 | 0.45 | 0.45 |
| £/$/€100,000 to 499,999 | 0.75 |
0.75 |
0.30 | 0.30 | 0.35 | 0.35 |
| £/$/€50,000 to 99,999 | 0.60 | 0.60 | 0.20 | 0.20 | 0.25 | 0.25 |
| £/$/€10,000 to 49,999 | 0.25 | 0.25 | 0.10 | 0.10 | 0.10 | 0.10 |
| Minimum Account Balance | £10,000 | €10,000 |
$10,000 |
|||
Interest is paid gross without the deduction of tax, however, tax may be retained in certain circumstances in accordance with the European Savings Tax Directive. Rates are subject to change without notice.
Definitions
Annual Equivalent Rate ("AER") is an estimated simple interest rate that assumes that interest is added yearly in arrears but allows for the interest to be calculated at other intervals such as monthly. For this reason, please note that any AER rate quoted is not an exact figure.
Fixed-Term Deposits
Money Market Deposit is a fully flexible, interest rate-driven, fixed-term deposit, offering you competitive rates for larger deposit balances. Money Market Deposit allows you to take advantage of money market rates and is customised to your liquidity requirements as the deposit period is determined by you. It is available primarily in Sterling, Euro and US Dollars, however, we will consider any major currency that best meets your requirements.
Features
- Deposit periods range over a variety of time periods, providing you with the flexibility to tailor the maturity date to suit your financial requirements.
- You can elect to withdraw the interest, if you require a regular income, or reinvest the interest to enhance your long-term return.
- Accessible entry levels - £100,000, €100,000 or US$200,000.
- Competitive interest rates - agreed at the time we receive your deposit instructions. Interest is calculated daily and paid at the maturity of your deposit term.
- Available in £, € and US$ and other major currencies.
- A dedicated team to handle your enquiries.
- Real-time, 24/7, internet-based account viewing service.
- Depositors Compensation Schemes, where applicable.
Fees, Terms & Reports
Please find below the latest information regarding the above aspects of our banking products.
Fee Schedule
Terms & Conditions
Reports and Accounts
*Neither an audit nor a review provides assurance on the maintenance and integrity of the website, including controls used to achieve this, and in particular whether any changes may have occurred to the financial statements since first published. These matters are the responsibility of the directors, but no control procedures can provide absolute assurance in this area. Legislation in the Isle of Man governing the preparation and dissemination of financial information differs from legislation in other jurisdictions.